Stobart Group Ld Share Discussion Threads

[chris79] 17/6/2013 09:27

Someone must think that is an effective thing then with the shares up 4p!

[goliard] 17/6/2013 09:05

Sunday Times described current Chairman, Rodney Baker-Bates as being 'about as effective as a cat flap on an elephant enclosure'.

[bernie37] 16/6/2013 23:40

Now halfway through its four-year plan, logistics company Stobart























(STOB) reckons the heavy investment is over and it can start unlocking the value in its portfolio of businesses. It's got more to cheer about, too. The loss-making chilled distribution division is closed and there have been improvements at both the core transport operations and biomass business during the second half.

A modest earnings upbeat was flagged last month, and underlying operating profit came in 12 per cent better at £44.9m. Higher-margin biomass contracts kicked in last year and profits there jumped from £1.2m to £4m. "Expect a steady 18 months," says finance chief Ben Whawell. After that much will depend on how many plants get funded and developed.

Heavy investment in Southend Airport widened losses at the air division to £0.67m, although a run-rate of 800,000 passengers a year keeps it on target to hit 2m by 2015. But Stobart is still having trouble shifting three properties at the estates division, where profits halved to £6.5m. It's expected to put another five on the market this year, which it must sell to reduce net debt, up £50m in the period after splashing out £23m on Southend and buying Autologic. And it was that acquisition that flattered the bottom line at the trucking division - profits grew 7 per cent to £29.7m. Add in around £7m of extra finance costs, mostly on debt used to pay for the controversial Moneypenny property portfolio last year, and underlying pre-tax profit fell 8 per cent to £32.5m.

Brokers are still working on forecasts for 2014.

[yewtrees] 14/6/2013 09:50

I returned from my third trip abroad this year using Southend Airport, again everything ran smoothly, the staff were helpful and friendly. The new terminal is being fitted inside now, not sure opening date though.
The airport was far busier than my January flight, having three flights going out while I was there, so the current terminal was at capacity.
My easyjet flight was full, all but 3 or 4 seats, going out and coming back.

I think Easyjet will stay at Southend Airport, as I believe passengers are voting with their feet.

Also, Southend Airport is close to the new dock along the Thames Gateway and I feel it will get business from there.

[yewtrees] 14/6/2013 09:50

I returned from my third trip abroad this year using Southend Airport, again everything ran smoothly, the staff helpful, friendly. The new terminal is being fitted inside now, not sure opening date though.
The airport was far busier than my January flight, having three flights going out while I was there, so the current terminal was at capacity.
My easyjet flight was full, all but 3 or 4 seats, going out and coming back.

I think Easyjet will stay at Southend Airport, as I believe passengers are voting with their feet.

Also, Southend Airport is close to the new dock along the Thames Gateway and I feel it will get business from there.

[wllmherk] 13/6/2013 22:11

If you take a look at the longer term charts then current share price is around support level. I m not so sure the fall in the share price is justified so I am looking to add to my position at these levels as I still believe STOB is a good long term investment.

wllm

[bernie37] 13/6/2013 18:13

STOBAT GROUP LIMITED

SCRIP DIVIDEND SCHEME

In relation to the final dividend for the year ended 28 February 2013, the price of a new ordinary share under the scrip dividend alternative has been set at 90.9 pence. This is the average of the Company's middle market closing price for the five consecutive dealing days commencing on the ex-dividend date of 22 May 2013.

Shareholders who wish to participate in the scrip dividend scheme may do so either online at www.capitashareportal.com or by obtaining and completing a scrip dividend mandate form and returning it to the Company's registrars, Capita Registrars, Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU.

Scrip dividend mandate forms can be obtained from the Company's registrars at the above address or by telephoning 0871 664 0300 between 9.00am and 5.00pm (GMT) Monday to Friday (from the UK, calls cost 10p per minute plus network extras) or [phone] (from outside the UK).

Shareholders who hold their shares in CREST and wish to elect to participate must do so by means of CREST procedures.

All elections to participate in the scrip dividend scheme (whether by completing the mandate form or electronically) must be received by the registrars by no later than 5.00pm on 21 June 2013.

[salpara111] 12/6/2013 14:16

I guess they now have a problem in that analysts are going to have difficulty working out what their business is.
They really need to see much improved cashflow if they are to maintain their divi and to justify all the capex over the last few years.
I was looking for flights to Belfast the other day and noticed that Easyjet were offering a service from Southend along with Gatwick and Luton. The train time to Southend from Liverpool St is just under an hour which is pretty long but only about 10 mins more than Stansted so still in touch with London dwellers.
I am in two minds about investing here but if the next update is decent I could be persuaded, personally I did not think the last results were that good and that is why I didn't get in at that point.

[iaincc] 12/6/2013 09:57

Not sure there is enough Management capacity for all the activities Stob are into right now. I think this is going to look like good value but confuse the hell out of big money coming in. should be a good wobble play below 70p

[lpavlou] 11/6/2013 23:02

Held above 80p which hopefully bodes well. Cheap when compared to the 98p they were trading at a couple of weeks ago

[warranty] 08/6/2013 09:49

Just be careful because renewable energy will tank if the government pushes ahead with shale gas which looks entirely likely. We can't afford the green agenda at the moment and neither can Europe so just be a little wary of the previously anticipated extension of biomass power stations which are on hold at the moment.

[wllmherk] 06/6/2013 07:54

I'm happy to hold for a while. The last company statement was fairly positive. Interesting to hear what they say 27th June with IMS. Cracking dividend also which I hope they maintain.

wllm

[lpavlou] 06/6/2013 00:19

Share are getting near a level, where I could be tempted back in. Appreciate they have been lower in the last 3 months and today's tesco news won't help short term, but I still reckon the fair value is nearer to a pound

[bagpuss lives] 05/6/2013 11:43

http://www.echo-news.co.uk/news/10462852.Package_holidays_to_Ibiza_from_Southend_Airport/

Southend Airport still on the up. Extension appears to be ahead of schedule and could open next month.

[ssords] 04/6/2013 17:41

I am not a chartist but looking at their share price graph it has been downhill mostly this last 12 months. As for heading up through 100p shortly, well somehow I think not. But is I believe a sound company so who knows one day but at least not for a while
Ssords

[downsize] 31/5/2013 14:56

I do believe this is heading back up to 98p level.

[boonboon] 22/5/2013 08:31

Stobart Biomass has been part of a joint venture with AW jenkinson for the last 3 years

24 March 2010 | 12:27pm
StockMarketWire.com - Stobart Group is to enter the renewal energy market through a new venture with Biomass Supply and AW Jenkinson Forest Products.

The Group will take a controlling interest in Stobart Biaomass Products source and distribute supplies of biomass fuel to the UK renewable energy market.

Stobart will invest �30m into the new venture, consisting of �15m cash and the issue of 11.28m shares, which will be subject to a lock-in for 12 months.

Separately, Stobart expects to benefit form �30m per annum transport revenues from Stobart Biomass within three years.

Stobart Biomass already has its first significant contract to supply up to 750,000 tonnes of biomass fuel per year to ten potential sites over the next 20 years. In addition, it has received contract enquiries for a further 14 million tonnes of biomass fuel over the next five years.

The Board believes that the transaction will be earnings enhancing for Stobart from day one.

Andrew Tinkler, CEO Stobart Group, says:"This investment and transport contract together are a strategic building block for the Stobart Group on many levels.

"Firstly it is expected to be earnings enhancing from day one with an expected �19m net profit for the core business in the next five years and an additional benefit of �30m revenue per annum for the new company within three years.

"It also offers potential to further leverage our multimodal offering through Stobart Ports and Stobart Rail going forward.

"Secondly, it gives us access to, and income from, the higher margin renewable energy market, which has the potential to grow ten-fold in the next five years, driven by governmental and societal pressures for the green agenda. "

[darlocst] 22/5/2013 08:16

ex-divi this morning hence the drop.

[bernie37] 21/5/2013 18:01

shaws37 just been on AW jenkinson web site,interesting

[shaws37] 21/5/2013 17:31

Another haulage firm, AW Jenkinson, buying a "lorry load" of Stobart shares.

[lpavlou] 20/5/2013 21:41

Interesting interview with Tinkler on telegraph.co.uk

[ricky46] 20/5/2013 20:01

What a load of mumbo jumbo that financial statement is, just read it.....the debt has shot up....and there is no money in road haulage.

[cashflo] 17/5/2013 21:31

Yes another reasonable day, be nice to see a decent break of £1 and then some support.